Are there related-party relationships tied to the new Better Home & Finance (BETR) director?

The company states there are no family relationships between Hugh R. Frater and any director or executive officer. It also notes he has no direct or indirect material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K.

New independent director joins Better Home & Finance (BETR) board and audit panel

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Better Home & Finance Holding Company elected Hugh R. Frater to its board of directors and to the audit committee, effective March 23, 2026. The board determined he is independent under Nasdaq rules. He will serve until the 2026 annual meeting and until a successor is elected and qualified.

Compensation under the company’s Director Compensation Policy includes an annual cash retainer of $150,000 and an annual equity retainer of restricted stock units valued at $150,000. For audit committee service, he will receive an additional annual cash retainer of $7,500 and additional restricted stock units valued at $7,500, with cash paid quarterly and equity vesting before the annual meeting, all prorated from his start date.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Understanding 8-K Material Events →

03/25/2026 - 04:34 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 23, 2026

Better Home & Finance Holding Company

(Exact name of registrant as specified in its charter)


Delaware	001-40143	93-3029990
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification Number)

1 World Trade Center

285 Fulton St., 80th Floor Suite A

New York,

New York

10007

(Address of principal executive offices) (Zip Code)

(415) 523-8837

Registrant’s telephone number, including area code

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A common stock, par value $0.0001 per share

BETR

The Nasdaq Stock Market LLC

Warrants to purchase shares of Class A common stock

BETRW

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 23, 2026, the board of directors (the “Board”) of Better Home & Finance Holding Company (the “Company”) elected Hugh R. Frater to serve as a director of the Board and a member of the Board’s audit committee, effective immediately. In approving this election, the Board concluded that Mr. Frater qualifies as “independent” under the rules of the Nasdaq Stock Market. Mr. Frater will serve for a term expiring at the Company’s annual meeting of stockholders to be held in 2026 and until his successor is duly elected and qualified or until his earlier death, resignation, disqualification or removal.

Mr. Frater will be entitled to compensation payable to the Company’s directors pursuant to the Company’s Director Compensation Policy, which provides for: (i) an annual cash retainer of $150,000, and (ii) an annual equity retainer in the form of restricted stock units with a fair market value of $150,000. For service on the audit committee, Mr. Frater will receive an additional annual cash retainer of $7,500 and an annual equity retainer in the form of restricted stock units with a fair market value of $7,500. The cash retainers described above are paid quarterly in arrears, and the equity retainers described above will vest on the business day immediately preceding the annual meeting of stockholders, each of which is expected to be prorated to reflect the commencement date of Mr. Frater’s service.

Mr. Frater is expected to enter into the Company’s standard form of indemnification agreement with the Company. There are no arrangements or understandings between Mr. Frater and any other person pursuant to which he was selected as a director. There are no family relationships between Mr. Frater and any director or executive officer of the Company. Mr. Frater does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	BETTER HOME & FINANCE HOLDING COMPANY

Date: March 25, 2026	By:	/s/ Paula Tuffin
	Name:	Paula Tuffin
	Title:	General Counsel, Chief Compliance Officer and Corporate Secretary

Source: View Original Filing on SEC EDGAR

FAQ

What board change did Better Home & Finance (BETR) announce?

Better Home & Finance added Hugh R. Frater to its board and audit committee, effective March 23, 2026. He will serve as an independent director until the 2026 annual stockholders’ meeting, when his term expires unless he is re-elected or replaced.

Is Hugh R. Frater considered independent at Better Home & Finance (BETR)?

Yes, the board concluded that Hugh R. Frater qualifies as independent under Nasdaq Stock Market rules. This designation means he meets specific criteria regarding relationships and interests, supporting stronger oversight on the board and particularly on the audit committee.

How is the new director of Better Home & Finance (BETR) compensated?

Hugh R. Frater receives an annual cash retainer of $150,000 and restricted stock units valued at $150,000. These director retainers are in addition to separate cash and equity retainers for audit committee service, and are structured under the company’s Director Compensation Policy.

What extra pay does the Better Home & Finance (BETR) director get for audit committee service?

For serving on the audit committee, Hugh R. Frater will receive an additional annual cash retainer of $7,500 and extra restricted stock units with a $7,500 fair market value. These amounts supplement his standard board retainer compensation package.

How and when will Hugh R. Frater’s equity awards at Better Home & Finance (BETR) vest?

His director and audit committee equity retainers are granted as restricted stock units. These RSUs will vest on the business day immediately before the annual stockholders’ meeting, and the awards are expected to be prorated from the date he began board service.

Filing Exhibits & Attachments

4 documents